Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 227

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

The country manufactures ten millions of hats, of which the cost price was 15 shillings. The foreigner sends similar hats to our market, and furnishes them at 10 shillings each. I maintain that the _national labour_ will not be thereby diminished.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 227 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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